Read the following passage and answer the following question.

A, B & C are partners sharing profits and losses in the ratio of 2:2:1. B decided to retire on 31st March 2021. On the date of retirement, some of the assets and liabilities appeared in the books as follows-

Creditors- ₹70,000
Building- ₹1,00,000
Machinery- ₹40,000
Stock of raw material- ₹20,000
Stock of finished goods- ₹30,000
Debtors- ₹20,000

An old computer was sold for ₹2,000 as scrap. Pass the journal entry for this.

Bank A/c                   Dr. ₹2000
  To Revaluation A/c              ₹2000
(Computer sold)

The correct answer is option 1-
Bank A/c                   Dr. ₹2000
  To Revaluation A/c                ₹2000
(Computer sold)

Computer is sold due to bank balance is increased so it is debited. At the time of retirement, revaluation account is made old computer was transferred to revaluation account and sold after that so revaluation account is credited.